Arkansas, AR, July 2- Gasoline prices in Arkansas have fallen 1.1 cents per gallon in the past week, averaging $2.57/g yesterday, according to GasBuddy’s daily survey of 1,826 stations in Arkansas. This compares with the national average that is unchanged versus last week to $2.84/g, according to GasBuddy.
Average gasoline prices on July 2 in Arkansas have ranged widely over the last five years:
$1.99/g in 2017, $2.04/g in 2016, $2.48/g in 2015, $3.45/g in 2014 and $3.28/g in 2013.
Including the change locally during the past week, prices yesterday were 58.2 cents per gallon higher than a year ago and are 9.7 cents per gallon lower than a month ago. The national average has dropped 10.7 cents per gallon during the last month and stands 62.5 cents per gallon higher than a year ago.
Areas near Arkansas and their current gas price climate:
Memphis- $2.61/g, down 0.8 cents per gallon from last week’s $2.62/g.
Little Rock- $2.55/g, down 0.9 cents per gallon from last week’s $2.56/g.
Shreveport- $2.51/g, down 3.3 cents per gallon from last week’s $2.54/g.
“Going into the July 4 holiday, I can’t remember the last time oil markets were so active. Oil has surged over 10% just in time for summer’s busiest travel holiday, costing motorists over $1 billion more than last year,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “All the ingredients exist for the national average to inch closer to $3 per gallon, just in time for the second half of the summer. Undoubtedly, the second half of the summer will be pricier than the first, thanks to OPEC’s production increase falling short of expectations, sanctions to be placed back on Iran by November and falling U.S. oil inventories. And to rub some salt in the wound, hurricane season is still upon us, adding more guess work to where gas prices might spend the second half of the summer. Make no mistake, it won’t be pretty, not nearly as “pretty” as the first half of the summer. Be ready for volatility and likely higher prices at the pump in July and August. “
For LIVE fuel price averages, visit http://FuelInsights.GasBuddy.com.
GasBuddy is the technology company changing the way more than 75 million consumers find, purchase, and save money on gasoline. Founded in 2000, the original GasBuddy website was a pioneer in crowd-sourced information, leveraging technology, big data, and a passionate community that now connects more than 70 million users with real-time, accurate fuel pricing information as well as reliable reviews of gas station amenities and services. The app and website have the most accurate and real-time fuel prices at over 140,000 unique stations in the United States, Canada, and Australia and is the most comprehensive money-saving companion while on the road. GasBuddy is available on all mobile platforms. For more information, visit www.gasbuddy.com.